Your Questions About Investing For Beginners

Posted by Justin in Investing | Comments Off on Your Questions About Investing For Beginners

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Richard asks…

What are some important aspects of investing for a beginner?

financi4 answers:

I’m sure you’ve heard the phrase “Don’t put all your eggs in one basket” that’s especially true for stocks. The safest way to make money is to have diverse holdings, while the market as a whole is rising. The best time to get them though is when the market is at a low point. This is often summed up as simply “Buy low, sell high”, which is putting it a bit too plainly for my liking.

If you get nervous thinking about the possibility of losing money on stocks then you can get some some triple A rated bonds, and feel pretty secure that you’ll get something out of them, though it’ll be far less than you could make with stocks. If that’s still too risky, then get federal T-bills, for absolute security that you won’t lose money (while not making much either).

Steven asks…

I am investing in stocks – beginner – what’s the best investment company right now…for a conservative?

I am looking to invest like a hundred dollars a month – maybe like low to medium risk companies. I am brand new to this and would like some pointers, thanks!!

financi4 answers:

Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, and demographics it would be very inappropriate for me or any other person to provide specific investment information in this type of media

There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.

Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website
http://moneycentral.msn.com/home.asp it has an entire section on mutual funds and Exchange Traded Funds. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing.

You could also contact the funds companies for more information. I have found that Vanguard & Fidelity can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpfu

Robert asks…

investing in stocks for beginners?

im 17 and i want to get into stocks. i have 1000 dollars to spend, want to double or triple that. any ideas on how to start? where to start? what stock would you suggest? i heard bio-genetics is a good thing to invest in at this point.

financi4 answers:

Shares of stock is what you would buy and sell to make money. You do that through a stock broker. $1,000 may not be enough to open an account with a stock broker. Or you can invest in mutual funds through a mutual fund family. You buy it at a price and sell it at a higher price or you sell short at price and buy it back at a lower price to be profitable. You need to position size through money management and not load the boat on one issue. And use stop losses for risk management. There is no guarantee you will make money.

You will have to develop your trade plan or system that tells you when to buy and when to sell. You can use company fundamentals or stock price technicals or a combination of both. Your broker should have some educational resources and stock scanning tools. Check those first and then sign up for free at moneyshow.com and place topics in the search box to get the links to those free videos and podcasts for you to watch and listen.

Donald asks…

How to invest in Stocks for beginners?

What exactly IS investing in Stock? How do you go about investing in stock? What’s the best stock to invest in? I’m completely clueless, so the more details and information, the better. Thanks!

financi4 answers:

Start with a book like _Idiot’s Guide to Stock Market Investing_ to get a basic sense. Beware–educational services and published newsletters, etc., are likely to scam you. If you can find one person to mentor you for free or low cost then that could be a great way to go.

Thomas asks…

Investing in stock for beginners?

I’m very new and know little about how the markets work. I want to know where i can learn more about the markets and how to go about trading stock? could you also list all the pre-requisites i might need such as accounts,etc.?? And also where would i go for information on upcoming and new areas that i could invest in?
Could you be more Australia specific with your answers. What would be the best way to go about doing the above in Australia??

financi4 answers:

You might try obtaining a copy of “Investing for Dummies” at your local library. If you can’t find it there your local book store might still have a copy. Book stores however have pretty much purged their investment books during the last couple of years. Not too much demand these days. Amazon.com is almost certain to have a copy. I also have seen this book on some of the sites that sell distressed stock. The book is an excellent book for beginners. Fool.com has a site where one can participate in CAPS. It has a lot of information on potential stocks.

You can open a brokerage account with any one of a number of on line brokerage firms. Scottrade.com is very inexpensive. TD Ameritrade is a little more expensive but not much. Fidelity.com is a premium site but does have considerable research that the other two do not offer. Etrade is a 4th you might consider. Some of these have a minimum amount you need to deposit to open an account. Others do not. Once you make your deposit you are good to go.

Chris asks…

I want to start investing in stocks,,are there any websties for guidance for beginners?